what is hotlisting of debit card

10 months ago 24
Nature

Hotlisting of a debit card refers to the process of blacklisting a card permanently, usually when it is lost or stolen, to prevent unauthorized use by others. Once a card is hotlisted, the bank blocks any transactions that will take place with the use of the card, and no action will be allowed from that account. To hotlist a debit card, one can contact their bank through various channels such as phone banking, net banking, mobile banking, or by visiting the bank branch. It is important to hotlist a lost or stolen debit card to protect oneself from financial fraud or identity theft.